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Discussion What type of retirement plan would you prefer and why (be specific), to Defined Benefit Plan...

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Finance

Discussion
What type of retirement plan would you prefer and why (bespecific), to Defined Benefit Plan or a Defined ContributionPlan?

would you select a company to work for depending on thiscriteria?

Why?

Discuss how buying an annuity compares buying buying a mutualfund.
Do you, as a buyer, have any control over the amount ofinvestment risk to which you are exposed in aa annuitycontract?

Answer & Explanation Solved by verified expert
4.3 Ratings (894 Votes)
Different types of pensions plans 1Defined benefit pension planDBPP Under DBPP the final pension is predefined based on the final salary and the period of service Most of the pension plan offered by public sector enterprises and govt are of DBPP varietyThis type ensure a predictable amount of pension to the employees for all the year after their retirement and it is guaranteed by state DBPPs involve considerable cost to the employer The firms with DBPP typically    See Answer
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DiscussionWhat type of retirement plan would you prefer and why (bespecific), to Defined Benefit Plan or a Defined ContributionPlan?would you select a company to work for depending on thiscriteria?Why?Discuss how buying an annuity compares buying buying a mutualfund.Do you, as a buyer, have any control over the amount ofinvestment risk to which you are exposed in aa annuitycontract?

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